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WorksheetsLesson 1 & 2 Review
Total questions: 11
Worksheet time: 11mins
What is a hybrid business?
businesses have the characteristics of two or more types of businesses.
merchandising, is a middlemen business strategy where the business buys products from a manufacturer, wholesaler, or other partners, and sells the same at the retail price.
business deals in selling intangible goods to the consumers.
None of the above
What is a business?
items that are tangible (you can physically touch them), such as a sandwich, a car, and a book
things done for you by other people. You cannot touch a service (it is intangible). Examples include a haircut, a concert, and an Uber ride
any organization or activity that provides goods and services in an effort to earn a profit
None of the above
What is the formula for profit?
profit=revenue+expenses
profit=revenue-expenses
profit=expenses-revenue
None of the above
Baby Sitting, Nail Salons, Dog Groomer are all considered to be a
e commerce
good
service
None of the above
Rent, cell phone bill, paying an artist are all examples of _________________.
an expense
a profit
good
service
What is the difference between a non profit and a business?
Businesses provide a good or service to seek profits, non profits provide a goods or services without seeking profit.
Non-profits and businesses are the same. They don't have any differences.
A&B
None of the above
Define Manufacturing Business
This type of business deals in selling intangible goods to the consumers. Unlike tangible goods, services cannot be stored or separated from the provider
Manufacturing businesses are the producers who develop the product and sell it either directly to the customer or the middlemen to conduct sales
businesses that have the characteristics of two or more types of businesses.
merchandising, is a middlemen business strategy where the business buys products from a manufacturer, wholesaler, or other partners, and sells the same at the retail price.
What are the 4 types of business?
Hybrid, Service, manufacturing, Retail
Non Profit, Government Organization, Business, Charity
All of the above
None of the above
How many functions of business are there?
3
4
5
6
Define Accounting
the process of creating, promoting, and selling products
the process of recording financial transactions pertaining to a business
Activities related to selling products
None of the above
Define Marketing
activities related to selling products
the process of creating, promoting and selling products
the coordination and administration of task to achieve goals.
the management of money
